Sunday, 29/04/2012 23:36

SDH: Explanation for negative profit in 2011

Song Da Infrastructure Construction JSC explained the negative profits after tax in 2011 (- VND1,219,587,449) as follows:

 - The subsidiary Song Da Dong Nai JSC had loss in profit after tax (-VND2,525,623,491) due to the abnormal change of gasoline price
- Due to high inflation, change of construction expense, difficult in capital mobilization, the company’s revenue decreased.
- Difficulties in collecting the capital, high bank interest, the financial expense increased. Thus, financial revenue had a loss of VND 22.7 billion

hnx

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